a customer, Gwen Rowe. On December 9, it received an $750 payment from Rowe. a. Make the appropriate entry for October 31. View transaction list Journal entry worksheet Record the entry to write off $1,150-due from Gwen Rowe. Note: Enter debits before credits. Date General Journal Debit Credit October 31 Record entry Clear entry View general journal
a customer, Gwen Rowe. On December 9, it received an $750 payment from Rowe. a. Make the appropriate entry for October 31. View transaction list Journal entry worksheet Record the entry to write off $1,150-due from Gwen Rowe. Note: Enter debits before credits. Date General Journal Debit Credit October 31 Record entry Clear entry View general journal
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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please help me with these
Transcribed Image Text:Kitchen Equipment Company uses the allowance method to account for uncollectibles. On October 31, it wrote off a $1150 account of
a customer, Gwen Rowe. On December 9, it received an $750 payment from Rowe.
a. Make the oppropriate entry for October 31.
View transaction list
Journal entry worksheet
>
Record the entry to write off $1,150-due from Gwen Rowe.
Note: Enter debits before credits.
Date
General Journal
Debit
Credit
October 31
Record entry
Clear entry
View general journal
b. Make the appropriate entry or entries for December 9.
View transaction list
Journal entry worksheet
2
Record the entry to reinstate the Accounts receivable from Gwen Rowe.
Note: Enter debits before credits.
Date
General Journal
Debit
Credit
December
09
Record entry
Clear entry
View general jounal
Expert Solution
Step 1
Journal entries are passed using the golden rule of accounting
Debit all assets and expenses
Credit all income and Liabilities
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